What will happen? This week several important macroeconomic reports will be presented…
USD/CAD: bulls took a pause
2019-11-11 • Updated
TP1 1.2790 TP2 1.3240
On the daily chart, bulls manage to stay above support at 1.2460 and renew October low. As a result, the odds of the pair reaching 88.6% target of the inverted “Shark” pattern increased. It’s situated near 1.3240.
On H1, USD/CAD broke above the upper border of the 1.2440-1.2555 consolidation range. This allowed bulls to form long positions. To continue the rally towards 224% target of AB=CD pattern, bulls need to keep the pair outside of the triangle.
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?